Itron, the automated meter reading (AMR) vendor, pushed up the pace of energy industry IT M&A again today with its $225 million purchase of Schlumberger's Electricity Metering business. The deal joins a list of recent Itron buys including Silicon Energy, a vendor of various utility and end-user IT soutions for $71 million, and RER, an electricity pricing model vendor.
Sungard on a Tear
July 13

Now comes word that Sungard, the software and data processing vendor primarily to financial services clients like banks, brokerages and traders, has bagged yet another: Sherwood International, a British software and IT services vendor to insurance and government clients, for $105 million.